The total project cost typically includes the following:
- Legal fees
- Deposit, if applicable
- Stamp duty (calculated via the Government calculator)
- Loan application fee if applicable
- Service charge if applicable
- Building preparation costs which include structural works, decoration, garden, signage etc.
- A property finder’s fee if applicable, which is typically 10% annual rent +VAT
- Surveys (building, structural, drainage)
- Architect plans
- Fire risk assessment
- Building regulations approval
- Planning application costs if applicable
- Nursery furniture, equipment, and resources
- Opening stock such as staff uniform, nappies, wipes, food etc.
- Office equipment such as desks, computers, printer, filing cabinets etc.
- Year 1 building insurance, usually paid in full in the first year and then monthly from year 2
- Marketing launch – includes leaflet drop, online advertising etc.
- Franchise license fee
- Training and management assistance in premises preparation are all inclusive and no additional cost to you
The above will give you a sub total. We then add in your working capital (your biggest loss) to give you a total project cost.
